SF0008 - Sales & use tax-local option extension.

 

2001

State of Wyoming

01LSO-0150

 

 

 

SENATE FILE NO.  SF0008

 

 

Sales & use tax-local option extension.

 

Sponsored by:  Joint Revenue Interim Committee

 

 

A BILL

 

for

 

 1  AN ACT relating to taxation and revenue; specifying the
 2  term of the continuation of a local option sales and use
 3  tax as specified; specifying applicability of the act; and
 4  providing for an effective date.

 5 

 6  Be It Enacted by the Legislature of the State of Wyoming:

 7 

 8        Section 1.  W.S. 39-15-203(a)(i)(F) by creating a new
 9  subdivision (VI) and 39-16-203(a)(i)(F) by creating a new
10  subdivision (VI) are amended to read:

11 

12        39-15-203.  Imposition.

13 

14        (a)  Taxable event.  The following shall apply:

15 

 

Page  1

 

 

 

 1            (i)  The following provisions apply to imposition
 2  of the general purpose excise tax under W.S.
 3  39-15-204(a)(i):

 4 

 5                 (F)  In lieu of the requirements of
 6  subparagraph (C) of this paragraph providing for the
 7  submission of the proposition at subsequent elections, the
 8  tax authorized under W.S. 39-15-204(a)(i) may be continued
 9  subject to the following terms and conditions:

10 

11                      (VI)  The initial term of the
12  continuation of the tax under this subparagraph shall not
13  exceed four (4) years.  At the end of the initial term,
14  continuation of the tax for a subsequent term of not to
15  exceed four (4) years shall be by favorable adoption of
16  another resolution and ordinance by the governing bodies
17  pursuant to the provisions of subdivisions (II) through
18  (IV) of this subparagraph.

19 

20        39-16-203.  Imposition.

21 

22        (a)  Taxable event.  The following shall apply:

23 

 

Page  2

 

 

 

 1            (i)  The following provisions apply to imposition
 2  of the general purpose excise tax under W.S.
 3  39-16-204(a)(i):

 4 

 5                 (F)  In lieu of the requirements of
 6  subparagraph (C) of this paragraph providing for the
 7  submission of the proposition at subsequent elections, the
 8  tax authorized under W.S. 39-15-204(a)(i) may be continued
 9  subject to the following terms and conditions:

10 

11                      (VI)  The initial term of the
12  continuation of the tax under this subparagraph shall not
13  exceed four (4) years.  At the end of the initial term,
14  continuation of the tax for a subsequent term of not to
15  exceed four (4) years shall be by favorable adoption of
16  another resolution and ordinance by the governing bodies
17  pursuant to the provisions of subdivisions (II) through
18  (IV) of this subparagraph.

19 

20        Section 2.  This act shall apply to any tax continued
21  under the provisions of W.S. 39-15-203(a)(i)(F) or
22  39-16-203(a)(i)(F) on or after the effective date of this
23  act.

24 

 

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 1        Section 3.  This act is effective July 1, 2001.

 2                      (END)

Page  4